November 2023 ISSUE #69

Local partnerships, international reach

The global operations of Ferrero, one of the world’s biggest chocolate producing and confectionery companies, is managed from its headquarters in Luxembourg. The Grand Duchy also hosts the group’s innovation centre that coordinates Ferrero’s extensive R&D and open innovation activities.

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US startup Lyten to establish European headquarters in Luxembourg

Silicon Valley startup Lyten signed a memorandum of understanding to establish its European headquarters in Luxembourg during the annual Automotive Day event.

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20 start-ups selected for the Fit 4 Start programme

The names of the 20 start-ups selected for participation in the 14th edition of the Fit 4 Start acceleration programme were officially unveiled at the Luxembourg Venture Days 2023.

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“A strategic move”

In early 2023, international business consulting firm Maycode opened its EU office in Luxembourg. The company considers the central location and exceptional international openness of the country as strategic assets for its future development.

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Luxembourg and Korean SK Telecom to exchange on quantum expertise

The Luxembourg government has signed a memorandum of understanding with South Korean quantum technologies leader SKT aimed at cooperation in the field of quantum technologies.

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Luxembourg Venture Days 2023 a success

The first edition of the Luxembourg Venture Days attracted 450 participants from the Grand Duchy and abroad. Entrepreneurs, investors and support players could network, attend panels and workshops and listen to start-up pitches.

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The best innovative solutions are always born through cross-fertilisation of the visions and ideas of different businesses and organisations. In Luxembourg, we definitely have all that.”

Fábio Mora, Senior Vice President Open Innovation at Ferrero

Luxembourg companies at Medica

Husky Technologies

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Abraca BioSystems

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Poly Diagnostics

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Luxembourg retains top position in global talent hierarchy

Luxembourg remains #11 globally and #1 in talent attraction in the 2023 Global Talent Competitiveness Index.

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Luxembourg ranks #1 in Europe for work-life balance

The 2023 European Life-Work Balance Index by Remote ranks Luxembourg as the best country in Europe for work-life balance.

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